The information below is a summary only. Before investing in any
security you should consult the full prospectus or a financial
advisor.
| ASX CODE: |
CMLPA |
| Issue type: |
Non-redeemable Reset Convertible Preference Shares (ReCAPS) |
| Country: |
Australia |
| Issue currency: |
AUD |
| Number on issue: |
7,000,000 (as at 20 November 2000) |
| Issue Price: |
$100 per ReCAPS |
| First Reset Date: |
30 November 2005 |
| Dividend Rate/Terms: |
A preferential non-cumulative dividend of at least 6.5% per annum
fixed for the first five years.
Payment of dividends is subject to there being funds legally
available for distribution. |
| Dividend Payment dates: |
Interest calculation dates: 15 January, 15 April,
15 July, 15 October, the Maturity Date and the Early Redemption Date.
Interest Payment will be 11 business days after relevant interest
calculation date. |
| Franking: |
Dividend rate assumes full ranking. If a dividend is unfranked
or partially franked, the dividend will be increased to compensate
for the unfranked amount. |
| Conversion Dates and Terms: |
On Reset Dates the outstanding ReCAPS may be converted into
Ordinary Shares at the option of holders of ReCAPS or Coles Myer.
In certain circumstances conversion may occur before that date.
Each ReCAPS will convert into a number of Ordinary Shares calculated
with reference to the Conversion Discount of 5% and the average sale
price of Ordinary Shares traded on ASX during the 20 Business Days
immediately preceding the conversion cate.
The number of Ordinary Shares issued on conversion will be subject to
a minimum of 9.6 and a maximum of 100. |
| Status: |
Dividends will be paid in priority to any dividends declared on
Ordinary Shares.
In a winding up, ReCAPS will rank for repayment of capital behind all
creditors of Coles Myer but ahead of Ordinary Shares.
Prior to conversion, holders of ReCAPS do not have a right to
participate in issues of securities to, or capital reconstructions
affecting, holders of Ordinary Shares. |
